What Drives the Exponential Growth in Real-Time Payments Market Size?
The real-time payments market size has experienced remarkable growth over recent years. With a jump from $37.22 billion in 2024 to $48.97 billion in 2025, this market is expanding at a compound annual growth rate (CAGR) of 31.6%. This growth can be traced back to a variety of factors such as consumer demand for immediate satisfaction, widespread adoption of mobile and digital wallets, increasing cross-border transactions, and regulatory initiatives. The e-commerce boom too has contributed significantly to market growth.
Anticipating exponential growth in the coming years, the real-time payments market is forecasted to reach $169.32 billion in 2029. This implies an impressive CAGR of 36.4%. Factors such as the increased demand for business efficiency, altered consumer behavior, enhanced security measures, and widespread financial inclusion initiatives are driving this growth. With the rise of central bank digital currencies (CBDCS), the market is seeing a massive influx. Trends such as open banking and API integration, peer-to-peer (P2P) and social payments, blockchain and distributed ledger technology, real-time payroll, and business payments, along with improvement of the customer experience, are set to shape the future of the real-time payments market.
Get Your Free Sample of The Global Real-Time Payments Market Report:
https://www.thebusinessresearchcompany.com/sample.aspx?id=6864&type=smp
What is the Key Growth Driver of the Real-Time Payments Market?
The increasing penetration of smartphones worldwide is unquestionably a significant driver for the real-time payments market. Smartphones are the epitome of ease and functionality, combining computer-like features with the ability to carry out transactions in real-time. With the GSMA reporting nearly half the global population (49%) accessing the internet via smartphones in October 2023, the trend towards mobile transactions is unmistakable. Thus, the ubiquity of smartphones is a critical factor propelling growth in the real-time payment market.
What are the Key Segments in the Global Real-Time Payments Market?
The real-time payments market is diverse, with several segments:
1) By Component: Solutions, Services
2) By Type: Person-To-Person (P2P), Person-To-Business (P2B), Business-To-Person (B2P), Others
3) By Enterprise Size: Small And Medium-Sized Enterprises (SMEs), Large Enterprises
4) By Deployment: On-Premise, Cloud
5) By End Users: Retail And E-commerce, Government And Utilities, Healthcare, Telecom And IT, Travel And Hospitality, BFSI, Other End-Users
Order your report now for swift delivery:
https://www.thebusinessresearchcompany.com/report/real-time-payments-global-market-report
Who are the Major Players in the Real-Time Payments Market?
The real-time payments market is characterized by the presence of numerous major companies including ACI Worldwide Inc., FIS Corporation, Fiserv Inc., Mastercard Inc., Visa Inc., Temenos AG, Wirecard AG, Capgemini SE, Finastra Limited, Montran Corporation Ltd., Ripple Labs Inc., PelicanFast, IntegraPay Pty Ltd., Worldpay Inc., Volante Technologies Inc., PayPal Holdings Inc., Square Inc., Stripe Inc., Worldline SA, Global Payments Inc., Adyen N. V., Ant Financial Services Group, Apple Inc., Google LLC, Samsung Electronics Co. Ltd., Tencent Holdings Limited, Paytm (One97 Communications Ltd.), PayU (Naspers Ltd.), Dwolla Inc., TransferWise Ltd.
What are the Emerging Trends in the Real-Time Payments Market?
Technological advancements are giving shape to notable trends in the real-time payments market. Companies are constantly innovating and bringing in new technologies to stay ahead in the competition. IBM, for instance, launched a new generation mainframe in April 2022 featuring artificial intelligence technology. This latest IBM z16 processor facilitates deep learning-based fraud detection for all transactions.
Which Region Registered the Fastest Growth in the Real-Time Payments Market?
In 2024, Asia-Pacific dominated the real-time payments market. However, North America is set to emerge as the fastest-growing region during the forecast period. This report also covers regions including Western Europe, Eastern Europe, South America, Middle East, and Africa.
What Does The Real-Time Payments Market Report 2025 Offer?
Real-time payments refer to secure, digital or cloud-based software used at any time for electronic money transfers. This software facilitates various services such as bill payment, cash management, and peer-to-peer (P2P) money transfers, thus aiding banking services. The Real-Time Payments Market research report from The Business Research Company offers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.
Purchase the exclusive report now to unlock valuable market insights:
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=6864
About The Business Research Company
With over 15000+ reports from 27 industries covering 60+ geographies, The Business Research Company has made a name for itself in the domain of comprehensive, data-rich research and insights. With 1,500,000 datasets, in-depth secondary research, and insights from industry leaders, you can gather the information you need to stay ahead.
Our flagship product, the Global Market Model, is a premier market intelligence platform delivering comprehensive and updated forecasts to support informed decision-making.
Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: [email protected]
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
Facebook: https://www.facebook.com/TheBusinessResearchCompany
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Blog: https://blog.tbrc.info/
Healthcare Blog: https://healthcareresearchreports.com/
Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model
